Kinetics

[bargainman]

Really interesting call transcript here:

 

http://www.kineticsfunds.com/pdf/Conference_Call_6_30_2009.pdf

 

These guys are really interesting.  Talking about the exchanges, China, ETFs, the forced selling that went on earlier this year among other things.  They have a very unique perspective.  They seem kind of like macro value investors.

[WideMoat]

Thanks Bargain--I especially appreciated the list of top-15 holdings at the end.

 

I share their interest in the "croupiers" of the world economy; they are all just priced so dearly.  eBay was cheap for a heartbeat there early in the year, but most croupiers are priced for substantial growth (which may easily pan out--I just don't like paying for it).